Lawyer held in contempt over 'fraud' in foreclosure filing By Kimberly Miller and Christine Stapleton  Palm Beach Post Staff Writer  Updated: 4:36 p.m. Saturday, Feb. 12, 2011  Posted: 10:29 p.m. Friday, Feb. 11, 2011  A day after federal mortgage giant Fannie Mae fired the prominent law firm of Ben-Ezra & Katz, a Miami judge found the firm's founding partner, Marc Ben-Ezra, in contempt of court for filing "sham" foreclosure documents…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

http://www.efinancialnews.com/story/2011-02-11/dodd-frank-cds?ref=email_33624 Milestone Dodd-Frank compliant CDS trade completed Dow Jones Newswires 11 Feb 2011 The first credit-default swap trade that is believed to be compliant with new swap trading rules being proposed by US regulators as a result of the Dodd-Frank financial overhaul law was completed yesterday. Behind the trade were BlueMountain Capital Management, a US hedge fund, and Deutsche Bank, acting…[...]

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I've been the target myself, so I know what they are talking about. The reports I am receiving is that finding lawyers willing to take foreclosure defense cases is getting more difficult because of successful intimidation by opposing counsel. They are doing background checks on the lawyer, finding things that might be embarrassing or threatening them with other consequences like…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Amid Protests Over Cuts, Wisconsin Lawmakers Prepare to Vote EDITOR'S NOTE: In the last year, a growing number of ordinary citizens of many states and countries have been taking to the street, furious over the mishandling of their government finance. So far Wall Street and Washington have managed to divert…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary A Political Divide Over the Inquiry of the Financial Crisis The investors are saying it, the homeowners are saying it, even some governments are saying it, and nobody is denying it. Instead we hear double speak about excessive risk-taking and leverage. We are living a lie and the consequences are…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary It may take many years but eventually everyone will realize how pernicious this securitization scheme became --- like the worm used to destroy Iranian equipment or the viruses that are spread as mal-ware throughout our computer system. Only yesterday did it dawn on anti-terrorism experts that Mubarak had done the…[...]

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EDITOR'S COMMENT: Once again Simon JOhnson hits the nail on the head. Those of you who want a more sophisticated picture of this mortgage mess along with the macro-economic view would do well to visit www.baselinescenario.com. With the latest move in New York allowing legal aid to homeowners in foreclosure, the number of contested cases is going to go through…[...]

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Tags: banking regulation, Daily Economist, derivatives, Dodd-Franks, financial regulation, Simon Johnson
Posted in bubble, Corruption, Eviction, securities fraud |

FROM THE ATLANTIC The Rise of the New Global Elite F. Scott Fitzgerald was right when he declared the rich different from you and me. But today’s super-rich are also different from yesterday’s: more hardworking and meritocratic, but less connected to the nations that granted them opportunity—and the countrymen they are leaving ever further behind. By Chrystia Freeland Image credit:…[...]

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Posted on February 15, 2011 by Foreclosureblues U.S. Trustee To Federal Judge: “Fidelity Operated An Affidavit-Execution Process That Systematically Caused The Execution Of False Affidavits!”   The U.S. Trustee’s Office has recently filed a Post-Trial Brief in ongoing bankruptcy litigation in a U.S. Bankruptcy Court in New Orleans, Louisiana in which it asks Judge Elizabeth W. Magner to hammer the…[...]

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By DAVID STREITFELD NY TIMES   New York court officials outlined procedures Tuesday aimed at assuring that all homeowners facing foreclosure were represented by a lawyer, a significant shift that could give thousands of families a chance to strike a better deal with lenders. Enlarge This Image Yana Paskova for The New York Times Jonathan Lippman, New York’s chief judge,…[...]

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Tags: Legal Aid, New York
Posted in bubble, Corruption, Eviction, securities fraud |